B. Riley Estimates Bitfarms’ FY2025 Earnings (NASDAQ:BITF)

Bitfarms Ltd. (NASDAQ:BITF) – B. Riley upped their FY2025 earnings per share (EPS) estimates for shares of Bitfarms in a research report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of ($0.01) for the year, up from their previous forecast of ($0.05). The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. B. Riley also issued estimates for Bitfarms’ FY2026 earnings at $0.01 EPS.

A number of other equities research analysts have also recently commented on BITF. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Bitfarms in a report on Thursday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price target on shares of Bitfarms in a research note on Thursday, October 3rd. Stifel Canada raised shares of Bitfarms from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 22nd. Finally, Alliance Global Partners assumed coverage on shares of Bitfarms in a research note on Wednesday, December 4th. They set a “buy” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.05.

Bitfarms Price Performance

Shares of NASDAQ BITF opened at $1.69 on Monday. The company has a current ratio of 3.70, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The stock has a market cap of $765.46 million, a price-to-earnings ratio of -4.69 and a beta of 3.59. The company’s 50-day moving average price is $2.06 and its 200 day moving average price is $2.25. Bitfarms has a 52 week low of $1.52 and a 52 week high of $3.91.

Hedge Funds Weigh In On Bitfarms

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Bitfarms by 521.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,395 shares of the company’s stock worth $176,000 after acquiring an additional 57,383 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Bitfarms by 37.4% during the second quarter. Van ECK Associates Corp now owns 5,163,792 shares of the company’s stock valued at $13,271,000 after acquiring an additional 1,404,895 shares during the period. TD Asset Management Inc increased its holdings in shares of Bitfarms by 70.0% in the 2nd quarter. TD Asset Management Inc now owns 343,395 shares of the company’s stock worth $886,000 after acquiring an additional 141,424 shares during the period. Impact Partnership Wealth LLC lifted its position in Bitfarms by 227.6% in the 2nd quarter. Impact Partnership Wealth LLC now owns 70,570 shares of the company’s stock valued at $181,000 after purchasing an additional 49,029 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Bitfarms during the 2nd quarter valued at about $38,000. 20.59% of the stock is currently owned by institutional investors and hedge funds.

About Bitfarms

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.